Incorrect. Prop 13 froze the value of peoples houses at the time of passage, all future home owners would see their property taxes increase/decrease depending on the assessed value.
Its why my neighbors house which is the same as mine hasn't had their assessed value change more than $10k for the last 17 years (which is the amount of data available to apps like zillow) and yet my property's assessed value has fluctuated up and down by almost $200k in those same 17 years. Its because they've owned their house since prop 13 passed.
Incorrect. Prop 13 froze it at the time of passage and reassesses value at the time of sale. In-between sales property tax value increases are limited to 2% each year on all properties regardless of their status in 1976 or whatever.
https://www.californiataxdata.com/pdf/Prop13.pdf
This is why prop 13 is so toxic and needs to be immediately repealed. It's never going away, it's going to continue to screw people in perpetuity to protect turtled homeowners.